Honeywell bounce

Just wanted to point out a play on Honeywell (HON) this morning. Remember the Ferengi Rule of Acquisition to be aware of which direction the wind is blowing. When the Dow 30 bounces, start looking at the Dow components. If you enter today look to sell half your position when the stock moves up to 57 and the second half if the stock moves up to 61. I like to use the 8 day moving average as my stop. If the stock closes below the 8 day moving average then close the entire position. This keeps a a very tight rein on the stock helping us to control our losses.

Honeywell (HON)